Qualcomm launched the Snapdragon Metaverse Fund, established to invest up to $100 million in developers and companies building unique, immersive XR experiences, as well as associated core augmented reality (AR) and related artificial intelligence (AI) technologies. These AR and AI technologies are in today’s world referred to as “the Metaverse”. The fund plans to deploy capital through a combination of venture investments in leading XR companies by Qualcomm Ventures and a grant program by Qualcomm Technologies, Inc. for developer ecosystem funding in XR experiences such as gaming, health and wellness, media, entertainment, education, and enterprise.
Telecom Vendors
Sparkle Launches “IoT Global”, Its Internet of Things Connectivity Service
Sparkle, the first international service provider in Italy and among the top global operators, launched today its new IoT Global solution. With a long-standing presence in the region and a record in 5G roaming between Europe and the Middle East, Sparkle chooses Dubai to present its enterprise digital solutions.
Nokia Delivers Private Wireless in Rural California
Nokia has completed the first of a two-phase deployment of 4G fixed wireless access (FWA) technology, along with partner AggreGateway, to provide broadband internet connectivity to underserved students in the Dos Palos Oro Lomo (DPOL) school district of California.
Nokia Reports Solid Growth
Nokia reported a solid increase in profits in 2021 and issued a confident outlook for the coming years as sales rose despite supply problems. "I would like to call it a transformational year," CEO Pekka Lundmark commented after the group posted a net profit of 1.6 billion euros ($1.8 billion), driven by a 1.6 % increase in sales to 22.2 billion euros.
Ericsson Acquires Global Cloud Operator for $6.2 Billion
Ericsson has entered into an agreement to acquire Vonage Holdings Corp. for $21 per share. This represents a total acquisition price of approximately $6.2 billion.
American Tower Boosts 5G Deployment with $10 Billion Deal
American Tower will acquire CoreSite for approximately $10.1 billion, aiming to create a differentiated, comprehensive, and interconnected communications real estate platform optimally positioned to benefit from the convergence of wireline and wireless networks amid accelerating global 5G deployments.
HGC Extends Eyeball-as-a-Service to Support Market Entry
HGC significant expansion of its flagship ultra-low latency solution Eyeball-as-a-Service (EaaS). Riding on HGC’s comprehensive set of digital infrastructure, the extended EaaS coverage is scaling to support digital globalization and faster market entry by international players to reach 400 million eyeballs in the Southeast Asia.
Netcracker Provides Next-Generation Digital OSS to Segra
Netcracker Technology announced a partnership to consolidate and transform Segra’s OSS to improve operational efficiencies and enhance the customer experience for many of its core products and services, including security, connectivity, collaboration, and cloud solutions.
Colt Technology Services adds 400GE Across Asia and Europe
Colt Technology Services implemented its new 400GE Wave and Private Wave services, making it the first telco to offer customers access to the technology as a service across both Europe and the Asia Pacific regions.
Texas Gears Up for New $17 Billion Chip Plant
One of the world's largest electronic device producers has been weighing its options where to construct an advanced chipmaking plant in hopes of winning more American clients and narrowing the gap from other semiconductor chip leaders like TSMC.